Cotton price action is down 24 to 30 points so far. Futures closed the Monday session with contracts down 10 to 16 points in the front months. The US dollar index was back up $0.380 on Monday to $97.795, with crude oil extending the recent bounce, up $0.85/barrel.
The October 3 online auction from The Seam showed 240 sales at an average price of 62.30 cents/lb. The Cotlook A Index was back down 50 points on Friday to 76.45 cents. ICE cotton stocks were unchanged on 10/3, with the certified stocks level at 17,891 bales.
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Oct 25 Cotton closed at 62.7, down 16 points, currently unch
Dec 25 Cotton closed at 65.14, down 16 points, currently down 24 points
Mar 26 Cotton closed at 67.09, down 10 points currently down 27 points
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
